The latest news from Kurdistan – security updates, reconstruction and more – brought to you by Iraq Business News.
By John Lee. Turkish-based ERGIL, a worldwide specialist in engineering, construction and manufacturing for oil, gas, water, chemical and petrochemical industries has announced that it has been enlisted as an approved supplier/contractor by the Kurdistan Regional Government Ministry of Natural Resources in Erbil, Iraq. As an official party, ERGIL is now qualified to participate in […]
By John Lee. Dana Gas has reported a 67 percent rise in operating profits in 1Q 2014 to US$ 45 million (AED 164 million) as compared to US$ 27 million (AED 98 million) in Q1 2013. This excludes the one-off gains of US$ 39 million (AED 143 million) profits arising out of the partial sale […]
By John Lee. A newly-opened Canadian trade mission in Erbil suggests that Kurdistan is seen as a land of opportunities for Canadian firms, reports Rudaw. After 25 years of absence, Canada opened a diplomatic mission in Baghdad in April 2013, and a new trade office in Erbil last February. Lynne Yelich (pictured), Canada’s Minister of […]
The South Korean Consul General to Kurdistan, Mr. Younhyon Kim, visited the KRG Department of Foreign Relations to meet with the Head of the DFR, Minister Falah Mustafa to bid farewell as his tenure in the region comes to an end. The meeting was also attended by the Assistant Head to the DFR, Ms. Siham […]
By John Lee. NES Global Talent, the manpower solutions provider, has opened a second office in Iraq. The new Erbil operation in Iraqi Kurdistan will act as a business hub for activity across the wider region, meaning it is on the ground to support its contractors and key clients and able to make the most […]
The Head of the KRG Department of Foreign Relations, Minister Falah Mustafa has received the Ambassador of the Republic of Tunisia, Mr. Samir Jamae Abdullah. The meeting revolved around ways of strengthening bilateral ties particularly in the areas of trade and economy. On his first visit to Kurdistan, Ambassador Abdullah praised the region’s economic development […]
By John Lee. Oil Search Limited has reported that the Taza 2 well in Kurdistan was drilled to a depth of 10,679 feet (3,255 meters), and the company was preparing to drill ahead in an 8.5 inch hole. During the week, the well penetrated the Jeribe Formation, encountering hydrocarbon shows in line with prognosis, and […]
By John Lee. The Committee to Protect Journalists (CPJ) reports that journalists in Iraqi Kurdistan say they must self-censor on topics like religion, social inequality, and corruption associated with powerful officials. Their report states that over the past few years the nonprofit advocacy group Metro Center to Defend Journalists, based in Sulaymaniyah, has recorded in […]
The Kurdistan Regional Government (KRG)'s Ministry of Natural Resources (MNR) announces the publication of its Annual Financial Report for 2013, a detailed and comprehensive guide to the financial operations of MNR. The report includes revenue figures from crude oil production, local crude oil sales, the selling of refined products, and bonuses and capacity-building support derived from […]
The Kurdistan Region is open for business and British companies are welcomed, Kurdish officials told members of British Expertise, a leading trade association at a seminar last week. Minister Falah Mustafa, Head of the Kurdistan Regional Government's Department of Foreign Relations, and Bayan Sami Abdul Rahman, the KRG's High Representative to the UK, were joined […]
By John Lee. An agreement to build an oil refinery has reportedly been signed between Iraq's Mosul province and the Kurdistan Regional Government (KRG) on Monday. Governor Atheel al-Nujaifi (pictured) said: "This agreement will change Iraq's image, which is identified with war and incitement to war." (Source: Turkish Press)
MEED’s Kurdistan Projects conference 2014 shows why the region, long seen as a platform for doing business elsewhere in Iraq, has now become a hotspot for investments. The Kurdistan Region of Iraq has long been considered as a business friendly environment for foreign companies and a gateway for doing business elsewhere in the country. But […]
